\begin{table}[h] \centering
\newcolumntype{R}{>{\raggedleft\arraybackslash}X}
\newcolumntype{L}{>{\raggedright\arraybackslash}X}
\newcolumntype{C}{>{\centering\arraybackslash}X}

\caption{Robustness to clustering at the country $\times$ year level}
\label{tab:index_components_cluster_cy}
\begin{tabularx}{\linewidth}{@{}lCCCCCCCC@{}}

\toprule
& (1) & (2) & (3) & (4) & (5) & (6) & (7) & (8) \tabularnewline 
{}&{\textbf{Econ. perf.}}&{GDP p.c. gr.}&{(Minus) Inflation}&{(Minus) Unemp.}&{Trade}&{\textbf{HDI}}&{\textbf{Democ.}}&{\textbf{General index}} \tabularnewline
\midrule \addlinespace[\belowrulesep]
El. turn.&0.269***&0.041&0.427**&0.220&0.248**&0.193&0.194*&0.271** \tabularnewline
&(0.102)&(0.152)&(0.216)&(0.170)&(0.134)&(0.177)&(0.114)&(0.116) \tabularnewline
p-val&[0.003]&[0.855]&[0.025]&[0.105]&[0.037]&[0.205]&[0.068]&[0.011] \tabularnewline
\midrule N&2201&1815&1887&1331&1767&1305&2187&2356 \tabularnewline
N eff.&763&810&745&673&767&570&1230&890 \tabularnewline
Band.&13.5&19.1&15.6&21.7&17.4&18.3&24.8&15.3 \tabularnewline
\bottomrule \addlinespace[\belowrulesep]

\end{tabularx}
\\ \parbox{\linewidth}{\footnotesize \emph{Notes}: This table reports results for the statistical procedure of Table \ref{tab:index_components_baseline}, clustering standard errors at the country $\times$ year level.}
\end{table}
